The global CMOS camera module market was valued at US$ 14,693.7 Mn in 2016 and is projected to reach US$ 66,449.0 Mn in 2026 at a CAGR of 16.37% from 2017 to 2026. The 8MP segment in the global CMOS camera module market is estimated to account for majority revenue share of 46.1% in 2017 end, owing to factors such as increasing use of devices with higher resolution cameras such as 8MP.

A major factor driving the growth of the global CMOS camera module market is increasing demand for smartphones and tablets in various countries across the world. In addition, increasing adoption of picture sharing social networking applications such as Instagram, snapchat etc., which require high resolution and high-quality cameras is further driving the growth of the global CMOS camera module market. Rising adoption in the automotive sector, especially for its functions in driving assistance, car safety, and comfort level enhancement, is further boosting demand for CMOS camera modules. Increasing implementation of 16MP CMOS image sensors and dual camera technology in smartphones is further fueling growth of the global CMOS camera module market.